A Madrid statement read: "Real Madrid's medical services have decided that Gareth Bale will undergo surgery as a result of the peroneal tendon injury in his right ankle.
"This operation will take place at the King Edward VII Hospital in London on Tuesday, November 29 by Dr James Calder, under the supervision of the club doctors Jesus Olmo and Mikel Aramberri."
Bale, who has struggled with various injuries during his time in Spain, is also set to sit out the FIFA Club World Cup, which takes place in Japan between December 8-18.
Wales' next scheduled match is the World Cup qualifier against the Republic of Ireland on March 24.
Real are four points clear at the top of LaLiga and host Sporting Gijon this weekend.
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